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Copper firms above 6-week low on softer dollar, China stimulus bets SINGAPORE: London copper futures steadied off a six-week low on Tuesday as the dollar extended losses and on expectations of further easing measures in top consumer China.Three-month copper on the London Metal Exchange rose 0.4 percent to $5,969.50 a tonne by 0402 GMT, off Friday's low of $5,885 which was its weakest since April 23.The most-traded August copper contract on the Shanghai Futures Exchange gained 0.4 percent to 43,250 yuan ($6,957) a tonne.Data on Monday showed China's copper imports fell 16 percent in May from the previous month, hitting a three-month low. A bigger-than-expected slide in overall imports strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world's second-largest economy."We believe China's ongoing stimulus policies and monetary easing will support copper demand growth," said Helen Lau, analyst at Argonaut Securities in Hong Kong.Other data on Tuesday showed China's consumer inflation eased in May, while ...

Iron ore at highest in nearly 4 months, but Chinese buying slows SINGAPORE: Iron ore steadied at its highest level since mid-February, supported by a sustained decline in stocks of the raw material at Chinese ports, although buying interest has slowed after a recent rally.Goldman Sachs thinks the rally is "self-defeating" since it is allowing some higher-cost mines to resume operations and could lead to more closures as the additional supply comes through.Iron ore for immediate delivery to China's Tianjin port was unchanged at $63.80 a tonne ...
Vietnam cuts export price floor of 25pc broken rice by 2.9pc HANOI: Vietnam has cut the export price floor for the 25 percent broken rice by 2.9 percent to $340 a tonne, an industry body said, after the country submitted the lowest price in a rice tender in the Philippines.The new floor came into effect on Monday, the Vietnam Food Association said in a statement seen by Reuters.The Philippines agreed to buy 150,000 tonnes from Vietnam in a tender on Friday and could import additional volumes ...
Dalian iron ore futures slip as China imports drop SINGAPORE: Iron ore futures in China dropped on Monday after data showed imports of the raw material by the world's top consumer slid last month.But analysts say spot iron ore prices may continue to find support from a sustained decline in stockpiles at China's ports which had fueled a recovery in the commodity to a 3-1/2-month high last week from a decade-low below $50 a tonne in April."We see destocking at ports and also at ...
Palm rises to over 3 months high as ringgit slumps to 9years low KUALA LUMPUR: Malaysian palm oil futures rose to their highest in over three months on Monday, supported by a slump in the ringgit to a nine-year low and plans by Malaysia to increase its biodiesel mandate to 10 percent by October.The Malaysian ringgit hit 3.7660 per dollar early Monday, its lowest since Jan. 2006, after robust US jobs data bolstered expectations of an interest rate hike by the Federal Reserve by the year-end.Weakness in the ...
Palm hits 3-month high on soyoil rally, weak ringgit KUALA LUMPUR: Malaysian palm oil futures hit a three-month high on Tuesday, extending gains into a fourth straight session, buoyed by an overnight rally in soyoil markets and a weak ringgit.The US July soyoil contract climbed almost 8 percent over the last two sessions, lifted by increased biodiesel targets by the US Environmental Protection Agency - a move that may spur consumption of the edible oil.Echoing the rise, the August palm oil contract on the ...
TOCOM snaps 5-session rally on profit-taking TOKYO: Benchmark Tokyo rubber futures fell on Tuesday, snapping a five-session rally and retreating from a 16-month high hit earlier in the day, as investors took profits after the yen recovered from a fresh 12-1/2 year low against the U.S. dollar.The Tokyo Commodity Exchange (TOCOM) rubber contract for November delivery finished lower 3.4 yen, or 1.4 percent, at 240.4 yen ($1.93) per kg.The TOCOM futures, which set the tone for tyre rubber prices in Southeast ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln